The board of the abrdn Latin American Income (ALAI) trust has proposed the liquidation of the company, which holds £41m in assets, with cash proceeds returned to shareholders.
In a London Stock Exchange notice published today (15 March), the board said it is aware the company's small size "makes it difficult to attract significant demand for its shares and that the discount at which the shares trade to net asset value is likely to persist". Having considered the views of its largest shareholder and its professional advisors, as well as the share register as a whole, the board said it believes the proposals "are in the best interest of shareholders". 155-year old trust Investment Company weighs options to wind up ALAI will publish a circular setting out ...
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